Another Europe News
Gold bugs bail out – economy
The price of gold continues to tumble. It is down to its lowest in almost three years and is on…
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http://www.euronews.com/2013/06/26/gold-bugs-bail-out
The price of gold continues to tumble. It is down to its lowest in almost three years and is on course for a record loss in the past three months.
Investors are selling because they believe the Federal Reserve could soon end its ultra-loose monetary policy intended to stimulate the US economy.
The latest economic data from the states increased those fears. There have been strong gains in US orders for durable goods, the largest annual rise in house prices in seven years and consumer confidence is rising.
Some analyst are predicting gold falling below $1,000 an ounce. Spot prices have fallen by more than a quarter this year and by 22.8 percent this quarter.
“We bought gold for two reasons – because we were worried about the inflationary impact of policy and because we thought the financial system was going to fall apart,” said Sean Corrigan, chief investment strategist at Diapason Commodities Management.
“Although it may be completely the wrong judgement, the market has decided that none of those at the moment is a concern.”
Demand in number one consumer India is likely to fall this quarter as the government moves to curb gold imports to reduce a record current account deficit.
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Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration addresses corruption concerns and believes this is something fast going into the past.
Tune in to #12MinutesWith tonight at 2030 CET for the full interview on Euronews.
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“EU top officials should have condemned the #Iran war and the war crimes, and favoured diplomacy.”
Reacting on #EuropeToday to the US–Iran ceasefire deal agreed overnight, MEP Marc Botenga also lamented that the EU did not condemn the strike on an Iranian school that killed around 160 people.
Full interview: https://l.euronews.com/eSt9
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Watch the video: ‘Friendship’ pipeline is tearing Europe apart — but why?
In the 1960s, the Soviet Union built one of the longest oil pipelines in the world to supply Warsaw Pact states. It was called Druzhba, which translates to “friendship.” Right now, that friendship pipeline is tearing Europe apart.
READ MORE : http://www.euronews.com/2026/02/25/watch-the-video-friendship-pipeline-is-tearing-europe-apart-but-why
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Can the EU stop more #Trump’s tariffs?
European lawmakers and diplomats are desperately trying to prevent an all-out transatlantic trade war with the US. The clock is ticking down to an unforgiving 4 July deadline set by Donald Trump, who has threatened a 25% tariff on European cars if Brussels refuses to accept his terms.
#EuropeToday’s Jakub Janas breaks it down in this #EuropeTodayExplains.
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On today’s #EuropeToday:
The deadly hantavirus hits headlines across Europe, Syria and the EU restore ties, and Australian Ambassador to the EU reacts to Trump’s visit to China.
If you missed it, watch this 60-second recap.
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